Key Highlights: Utah estimates that Kalshi collected between $30.6 million and $61.2 million in fees from accounts in the state, while Attorney General Derek Brown seeks to halt the alleged illegal gambling and recover the money. Courts have reached conflicting conclusions over whether federal regulation of Kalshi’s event contracts preempts state gambling laws, with rulings ...
Key Highlights: Hyperliquid generated $2.5 million in fees over 24 hours on October 20, roughly three times the combined $836,000 earned by the other nine platforms in the ranking. On-chain sleuth ZachXBT alleges that FreedomXMR, a service on Hyperliquid Core, is a laundering channel, with more than 87% of incoming funds potentially tied to illicit ...
Key Highlights: Sequoia could lead a new Kalshi financing round, with partner Alfred Lin serving on Kalshi’s board. Kalshi is expanding from event contracts into financial and economic markets. Polymarket is also exploring a funding round of about $1 billion as investor interest in prediction markets grows. Sequoia Could Lead New Kalshi Financing Sequoia could ...
Key Highlights Payward, parent company of Kraken, has filed to offer single-stock perpetual futures on 10 major U.S. equities including Tesla, Nvidia, Apple, Microsoft, and Amazon, with plans for 24/5 trading access. The contracts would be listed on Bitnomial Exchange under its rules, while onchain perpetual futures would be offered through Hyperliquid to eligible U.S. ...
Hyperliquid Labs and Payward, the parent company of Kraken, are in advanced discussions to offer selected Hyperliquid-linked perpetual futures to U.S. traders through Bitnomial, a…
A new legal and regulatory debate is emerging over whether U.S. states or the Commodity Futures Trading Commission (CFTC) should oversee the rapidly expanding prediction…
Ninth Circuit Allows Nevada to Enforce Gambling Rules Against Kalshi The U.S. Court of Appeals for the Ninth Circuit has ruled against prediction market platform…